To be fair, the Developing team almost everything in this project, their effort, time and money, But the only problem is the price of SIN stay on the low land, the team should see the solution for this project, There's a lot of seller than to want to buy.
Check out the discord chat for live updates.
The reason for the recent sells:
- One scammer scammed another scammer for 4.3 million coins and sold(The scammed scammer scammed SIN team last month when we were trying to help him so we can call this Karma. I know too many scam words, but it is better to understand the risks and not believe scammers.
- This exchange wallet very possibly scammer "cryptobridge" wallet, has been selling millions of coins in the last couple of days.
http://explorer.sinovate.io/address/SRCY7UAS1tepEk9sQ53Z64mHAwAGVw6vfF- The top 2 rich wallets of 9.5 million and the top 4 rich wallets of 8.2 million already disappeared, meaning they sold too.
What does this mean for SINOVATE?
- SIN wealth distribution of wallets is one of the, if not the most, fairly distributed wallets out of all projects in the crypto space.
- Almost no whales left in the system.
- The current users get more experienced not to get scammed, and they are learning more not to believe any scammers who are pretending to be a team member.
It is very easy to make assumptions by looking at the coinmarketcap price but I suggest you dig deeper and read the SIN discord server if the daily price concerns you.
https://discord.gg/8rxutDvYou are a bounty hunter, and all you do is sell the altcoins you receive for BTC, but you must open your eyes for more to understand what is going on.
I know and remember you had a tough time understanding how Infinity Nodes work, and also you had a hard time even upgrading your wallet.
I will explain here anyways.
SIN nodes started with 645 million coins in the supply, and there are 477 million coins in the supply right now after seven months. 1125 limit of nodes is almost full, with 1069 nodes in the network.
Genesis Block September 26, 2018
Total Addresses in use: 866791
Active Addresses the last seven days: 37342
Total transactions in the SIN Blockchain: 8599770
With the Start of infinity nodes, most of the node owners were existing coin owners, so there was no high ROI and not too many new buys.
Lots of node owners sold their rewards just like you did. This also means that you and the other sellers of node rewards will not be able to make new nodes without buying new coins in June 2020 when new node space opens again. The high ROI will bring new node owners, and all the new node owners must buy new coins to make new Infinity Nodes.
This not sophisticated talk about price is only for you because you talk about daily price. I hope you will talk about the opposite when you see more buys than sells in june 2020 and beyond.
My last sentence is for everyone who wants to find out essential information about blockchain and the buidlers(builders) who bring innovations to crypto space to further help grow the blockchain.
Please join the SINOVATE discord server for a more sophisticated talk if you want to hear about our upcoming implementation of the use-cases starting with I.D.S. Incorruptible Data Storage Step-1.
Step-1 will bring encrypted text messaging, Blockchain E-Mail.
Yeah im updated with this project, I've been here since it was started, but despite of all the efforts of the developer of SIN they didn't hit the better price for this coin, I also saw that this project has all the potential, but SIN is now reaching 1 year, but our expectation to the price doesn't yet meet, instead of getting high it's now dipping the ground, Again Despite of ALL THE EFFORTS WHY?
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